Coinbase reports Q1 revenue of $1.6B, net income $1.2B, Adjusted EBITDA $1.0B

Coinbase Global, Inc.

2024-Q1 EPS reported $4.40 revenue$1,637,570,000

Total revenue $1.6B (+72% Q/Q); net income $1.2B (incl. $737M pre-tax unrealized crypto gains).
Adjusted EBITDA $1.0B, surpassing full-year 2023 total.
Consumer transaction revenue $935M (+99% Q/Q); institutional transaction revenue $85M (+133% Q/Q).
Subscription & services revenue $511M (+36% Q/Q); stablecoin revenue $197M (+15% Q/Q).
Q2 guidance: April transaction revenue >$300M; S&S revenue expected $525-600M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Coinbase Global, Inc. reported the quarter ended March 31, 2024 results: revenue $1.6 billion, net income $1.2 billion.

Period: the quarter ended March 31, 2024
Revenue: $1.6 billion
Net income: $1.2 billion
Result: reported results

Exact text from the filing

We generated $1.6 billion of total revenue and $1.2 billion of net income*.

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Source: SEC EDGAR

accession 0001679788-24-000087

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